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....The IMF said debt as a proportion of gross domestic product would rise from 235% to almost 300% by 2022. Previously, the Washington-based IMF – which publishes annual reports on its member countries – had said debt would peak at 270% of GDP. ...
[Read full article on Guardian]

....These are two situations that, perhaps, the Bank could have handled better from the start. “Chancellor Osborne’s final austerity budget surprised the industry by its unilateral imposition of a statutory minimum living wage at well above expected levels,” reports Wilko, the family-owned homewares and households goods retailer, in its annual report for last year. ...
[Read full article on Guardian]

Latest Finance News related to Annual Report

....The IMF said debt as a proportion of gross domestic product would rise from 235% to almost 300% by 2022. Previously, the Washington-based IMF – which publishes annual reports on its member countries – had said debt would peak at 270% of GDP. ...

....These are two situations that, perhaps, the Bank could have handled better from the start. “Chancellor Osborne’s final austerity budget surprised the industry by its unilateral imposition of a statutory minimum living wage at well above expected levels,” reports Wilko, the family-owned homewares and households goods retailer, in its annual report for last year. ...

.... In his first year in charge he cut nearly 5,000 head office and UK store management jobs. The most recent annual report shows the company now has 342,770 full-time equivalent employees compared with 391,868 he inherited. ...

....He said 52% of ITV’s 6,531 staff were female, and women accounted for 43% of its 146 senior managers. However, the company’s latest annual report also shows that just two of its eight-strong board are female. ...

....How can Carillion, a company with 48,000 employees and a £5bn turnover, be exposed as a financial mess in one stock exchange statement – such as the one that sent its shares crashing 70% last week?. A clue can be found in March’s annual report, where chairman Philip Green wrote: “The group has once again delivered strong revenue growth. ...

....The letter was sent by the MPs as Ofcom revealed that Sharon White, its chief executive, received a 15% salary increase last year. Ofcom’s annual report shows that White’s salary increased from £275,000 to £316,250 in the last financial year. ...

....The court actions are brought by BAT’s local affiliates, BAT Kenya and BAT Uganda, but approved at Globe House, the London headquarters of the multinational, which receives most of the profits from the African trade. In its 2016 annual report, BAT outlined the “risk” that “unreasonable litigation” would be brought in to control tobacco around the world. ...

....Jeff Blue, a former Merrill Lynch banker and former strategic development director at Sports Direct, said in his evidence that the side payments may explain why Forsey appeared happy to work at the company despite officially being one of the lowest-paid bosses of a publicly listed company in the UK. “According to Sports Direct’s annual reports, Mr Forsey receives an annual salary of £150,000 per annum,” Blue said in evidence filed at the high court. ...

....The bank – which has reported five consecutive years of losses – provided a short-update on its strategic plan, showing it might be able to pay dividends to shareholders in 2021. In its annual report it had said this might be possible in 2020. ...

....With only two weeks until the G20 summit of world leaders in Hamburg, the Bank of International Settlements (BIS) said politicians and central banks needed to keep financial markets in check to prevent another crash. Soaring stock markets, which have become detached from underlying values, were another sign that unjustified exuberance had replaced last year’s overly pessimistic reaction to political events such as the US election and the UK’s Brexit vote, BIS cautioned in its annual report published on Sunday. ...

....16m in potential long-term bonus share awards, which stretched to 2019, a third of last year’s bonus, which had been deferred in shares worth £53,130, and about £260,000 related to compensation for missed bonuses at her previous employer the fast food chain McDonalds. M&S’s annual report says: “Where an individual forfeits outstanding variable pay opportunities or contractual rights at a previous employer as a result of appointment, the [company] may offer compensatory payments or buy-out awards, dependent on the individual circumstances of recruitment, determined on a case-by-case basis. ...

....The international body that represents the world’s central banks has claimed that globalisation has been made a “scapegoat” for rising inequality, as it launched a defence of closer cross-border ties. Against the backdrop of protectionist rhetoric in many countries, including from US president Donald Trump, the Bank for International Settlements used its annual report to argue that globalisation has cut global poverty and will continue to lift living standards around the world. ...

....The sale of Nisa, which would include members receiving a payout, would be akin to a demutualisation. According to last year’s annual report, the retailer has around 1,400 members who hold between 1 and 250 shares each. ...

....He added that a badly designed intervention by government “could risk restricting customers’ choice of products, damage competition or limit people’s desire to switch”. SSE defended his pay increase, which was revealed in the company’s annual report on Friday. ...

....63m he pocketed the previous year after Tesco failed to meet all of the targets linked to his bonus. The company’s annual report also revealed it had paid £142,000 in stamp duty and legal fees to help Lewis buy a house closer to its headquarters in Hertfordshire. ...

....63m in the previous year, after the retailer failed to hit all targets attached to his bonus. But Tesco’s annual report also revealed it had paid £142,000 in stamp duty and legal fees to help Lewis buy a house closer to its headquarters in Hertfordshire. ...

....The only semi-cheerful news is that the directors of Thames Water seem to recognise that the company’s bunker-like approach to dealing with outsiders’ scepticism has to end. The annual report contained a mass of phrases like “a fresh perspective”, “a new chapter” and “driving change”. ...

.... In May, the Guardian revealed that amid fears of a drought and with some water companies asking customers to save water, the vast amount of water that leaks from company pipes every day across England has not fallen for at least four years. The missed target was revealed in Thames Water’s annual report, which also showed profit before tax fell by 86% last year. ...

....But so far this year, ratings have been poor, with Channel 4 lagging behind its competitors, highlighted by a 15% fall in its share of viewers aged 16 to 34, an age group highly prized by advertisers on which the broadcaster has built its reputation. Hunt, 50, was paid £612,000, including a £139,000 bonus, in 2015, according to Channel 4’s most recent annual report. ...

....If BT decides to impose a cap on benefits for existing members, it would affect about 33,000 employees paying into the scheme out of a total of about 300,00 members. In its latest annual annual report, published last week, the telecoms group told shareholders: “We have a large funding obligation to our defined benefit (DB) pension schemes. ...

....The bank had also admitted to the US justice department and the Securities and Exchange Commission have been investigating. Barclays did not comment on Friday on the further delay but in its annual report published in February it said it continued to contest the City regulator’s findings and that it “continues to respond to requests for further information in that investigation, which is at an advanced stage”. ...

.... It was bought for the state of Qatar by Sheikha Al-Mayassa bint Hamad Al-Thani, sister of the emirate’s ruler. Global art sales slumped in 2016 as the number of sales above $10m halved from 160 to 80, according to the latest annual report by art database Artprice. ...

....The company has previously warned classifying couriers as workers would increase costs. In its latest annual report, its directors said the “principal risk” to eCourier’s business was if employment tribunal judges ruled their couriers were workers, not independent contractors. ...

....Both men understood the decision and would not have accepted a bonus if it had been approved, BT said. According to BT's 2016 annual report, Mr Patterson was paid a basic salary of £969,000 that year and was awarded bonuses worth £4m. ...

....But while women’s presence in the boardroom has grown over the past four years, according to research by the Directory of Social Change, their positions tend to be non-executive and it is still rare for companies to have a female chair or chief executive. Its analysis of company corporate social responsibility policies and annual reports put the overall percentage of women on boards at about 22%. ...

....This was to help them with their financial planning. But in its latest annual report the retailer said it now realised that it had broken the "strict timing requirements" set out under the National Minimum Wage Regulations. ...

....The John Lewis chairman, Charlie Mayfield, said arrangements had already been made to contact those affected and make payments. The total cost of the back pay along with employer’s national insurance, pension contributions and other associated costs, could be as much as £36m, according to the annual report, published on Tuesday. ...

....Chief executives of FTSE-100 companies now earn, on average, 386 times more than workers on the national living wage, according to an analysis published by the Equality Trust, which is campaigning for new government rules to expose pay gaps. The charity used annual reports to calculate that chief executives of FTSE-100 companies pocket an average of £5. ...

....WPP’s chairman, Robert Quarta, appointed at last year’s annual meeting, also said planning to identify the successor to Sorrell, 72, had intensified. “Our succession planning process, which has always been rigorous, has become even more focused and detailed over the past year,” said Quarta, in WPP’s annual report published on Friday. ...

.... The business will continue to be led by senior GIB executives. Macquarie sought to allay the concerns by pointing to the “special share” arrangements with the GIB’s five independent trustees, including an annual report on its green performance, an annual industry day for stakeholders and green reporting. ...

....Wolfson’s total pay package dived by 58% to £1. 8m in the year to 28 January, according to the fashion and homewares retailer’s annual report published on Tuesday, after a key earnings per share target was missed. ...

....David Brown, the chief executive of Go-Ahead, the parent company of Govia Thameslink, refused an annual bonus and pay increase in September given the disruption on the network. Go-Ahead’s annual report states: “The directors’ remuneration policy is designed to reflect the group’s performance, with elements of remuneration linked to our strategic priorities, particularly health and safety, customer satisfaction, and operating profit and cashflow. ...

....Fund manager Schroders became the first FTSE 100 company to go public, revealing in a remuneration report that pay for female staff was 33% lower on average. Many other publicly-listed firms are expected to reveal pay figures alongside their annual reports, which look back on that company's activity for the previous year. ...

....Berkshire Hathaway's links to Coca-Cola go back more than 25 years. In its most recent annual report it said it had made gains of more than $15bn (£12bn), excluding quarterly dividends, from its investment. ...

.... Those plans have been on hold since the Brexit vote. Last November, in its 2015-16 annual report, which revealed income from worldwide operations of €79bn (£69bn) from a global workforce of 351,000, Siemens delivered a stark warning to its shareholders about the consequences of Britain leaving the EU. ...

....Consequently she will start on a pay package 25% lower than her predecessor Andrew Witty, who retires on Friday. GSK's most recent annual report indicates her basic salary will be about £1m, in contrast with Mr Witty's £1. ...

....And while women’s presence in the boardroom has grown over the past four years, according to our research at the Directory of Social Change, their positions tend to be non-executive and it’s still a rare company that has a female chair or CEO. By looking at company CSR policies and annual reports we were able to determine the ratio between women and men for 399 corporate boards. ...

....Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. The Equality Trust, which was set up in 2009 and aims to reduce economic inequality, examined the 2015 annual reports of FTSE 100 companies. ...

....The average FTSE chief executive earns 386 times more than a worker on the national living wage, according to an analysis published by the Equality Trust as it steps up its campaign for new government rules to expose pay gaps. The charity used annual reports from 2015 for all the companies in the FTSE 100 to calculate that their CEOs pocket an average of £5. ...

....The company confirmed this would be worth about £206m to directors, based on Melrose’s recent share price and adjusted for cash that shareholders have invested and taken out of the company over the past five years. Just four executives will get 68% of the total, according to the company’s annual report. ...

....”. According to the annual report, her pay consists of four pay components: a £1m basic salary, which is 10% lower than Witty’s; 20% of her salary paid into her pension, which GSK says is “significantly lower” than Witty, who has a more generous defined benefit arrangement; an annual bonus worth up to 100% of her salary, or 200% in exceptional circumstances – less than the 125% of salary that Witty could have achieved; and a long-term incentive plan award of shares worth up to 550% of her salary, less than the 700% grant that Witty could have received. ...

....6m payout is the last from the Leap scheme, which will be replaced with a less generous deal which investors expect to pay out less than £20m. The near £42m will be added to Sorrell’s salary, bonus and other extras when WPPpublish its annual report and will probably push his full remuneration for 2016to closer to £50m. ...

....Co-operative Bank has reported its fifth consecutive year of losses and warned of more branch closures and job losses as its struggles to restore its fortunes following its tie-up with Britannia Building Society. Its annual report for 2016 shows a loss of £477m – taking its cumulative losses to £2. ...

....The gathering of 3,000 delegates for the national people’s congress in Beijing’s Great Hall of the People is staged annually by the party. And although it has little bearing on policy, it will be scrutinised this year for any clues about the state of the economy in premier Li Keqiang’s annual report on Sunday. ...

.... You may know of companies from your time in marketing who would value using you on a freelance basis. Equally, there are small companies, partnerships usually, which specialise in providing such writing services to clients: from speeches and websites to internal memos and annual reports. ...

.... “While progress is being made, there is still work to do and RBS must continue to deal with its legacy issues,” a Treasury spokesperson said. The annual report lists a range of legal matters, including a case by shareholders over the 2008 rights issue. ...

. The global transfer of major weapons systems rose over the past five years to the highest volume since the end of the cold war as the Middle East nearly doubled its imports, according to an annual report on arms sales. ...

....That’s good news for an industry that was hit hard by the economic downturn but now seems to be returning to rude health as more shoppers say organic food is worth paying the premium for. This week the Soil Association will release its annual report on the state of the organic food market, which is expected to show that it has grown for the fourth consecutive year. ...

....MPs have criticised ministers for their “shambolic” failure to regularly spell out the impact of government green policies on household energy bills. The Commons public accounts committee said the government had missed its commitment to publishing annual reports on how consumer bills were affected by subsidies to support solar and wind power. ...

....This further calls into question NHBC’s credibility in protecting consumers amid a wave of complaints about the quality of new-build properties. Stewart Baseley and Greg Fitzgerald do not fulfil the test of independence for non-executive directors in the UK corporate governance code, NHBC admits in the small print of its most recent annual report. ...

....5bn for shares in RBS in 2008 and 2009 to stop the Edinburgh-based bank collapsing during the financial crisis. It has not made an annual report since 2007 and since then has incurred losses of more than £50bn. ...

....BT says it has taken “immediate steps to strengthen the financial processes and controls in that business”, but that doesn’t explain why the controls were weak in the first place and why BT has a whistleblower to thank for a tipoff. The annual reports of the past two years describe how “full-scope audit work” was conducted in Italy, including visits in each year by the auditors PricewaterhouseCoopers. ...

.... But the intriguing detail is that it all happened in 2013. Sainsbury’s didn’t think it worth mentioning to shareholders, even in the years when its annual report scrupulously addressed the motor-racing sponsorship deals that some suppliers gave to the son of Justin King, chief executive at the time. ...

....Regulations governing charity accounting demand that trustees detail any financial benefit they might receive from their position. While the RAH’s annual report revealed for the first time this year that trustees own 145 seats, no information was given about their value or the potential income from selling access to them. ...